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K-Swiss Inc. (NASDAQ: KSWS) announced that the Board of Directors has declared a quarterly cash dividend of $0.05 per share for the first quarter ending March 31, 2008. The dividend, which equates to an annualized rate of $0.
20 per share, is payable on April 15, 2008, to shareholders of record as of March 31, 2008.

K-Swiss Inc. designs, develops and markets an array of athletic footwear for high performance sports use, fitness activities and casual wear under the K-Swiss brand. The Company also designs and manufactures footwear under the Royal Elastics brand. Royal Elastics, a wholly owned subsidiary, is the leading innovator of slip-on, laceless footwear.